{"id":39240,"date":"2022-02-04T07:40:39","date_gmt":"2022-02-04T07:40:39","guid":{"rendered":"https:\/\/softco.com\/procure-to-pay\/"},"modified":"2026-03-03T12:01:53","modified_gmt":"2026-03-03T12:01:53","slug":"procure-to-pay","status":"publish","type":"page","link":"https:\/\/softco.com\/uk\/solutions\/procure-to-pay\/","title":{"rendered":"Procure-to-Pay"},"content":{"rendered":"\n
<\/span>\"SoftCo
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Fully automate your entire procurement and accounts payable processes<\/p>\n\n\n\n

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SoftCo Procure-to-Pay<\/strong><\/span> automates your entire finance process from procurement to invoice automation and payment. SoftCo\u2019s Procure-to-Pay software is truly global, handling multiple entities and multiple currencies in multiple languages. It eliminates maverick spending and delivers efficiencies, cost savings and 100% visibility & control over the entire procurement process. SoftCoAP processes all PO and non-PO supplier invoices electronically from capture and matching to invoice approval, exception handling, query management and seamless integration to over 200 ERP\u2019s. Incorporating unique AutoML Machine Learning technology, it delivers unparalleled touchless automation reducing the number of supplier invoices that need manual intervention. SoftCo leads the market with 90% straight through processing for PO invoices and 89% fast processing of Non-PO invoices. SoftCoPay transforms payments from a cost center to a profit center by optimizing payments, earning rebates, reducing costs and mitigating payment risk.<\/p>\n\n\n\n

Read<\/summary>

SoftCo Procure-to-Pay software eliminates manual and duplicate processes and provides you with visibility and control over your corporate spend and accruals enabling an accelerated month-end close. SoftCo Procure-to-Pay software boosts your vendor relationships by providing an efficient on-boarding process and full visibility over the status of their invoices. The solution enforces and optimizes pricing agreements with your preferred vendors. It also manages the request, purchase and control of contract-based spend. Agreed vendor contracts are securely compliantly stored and managed with automatic alerts for renewals and expirations of your contracts. SoftCo Procure-to-Pay software incorporates anti-fraud AI functionality that provides real-world fraud prevention while Advanced Analytics tracks all key trends improving the management of costs, performance and effectiveness of operations.<\/p>

SoftCo’s unique Automated Machine Learning (AutoML) is a game-changer in automating both PO and Non-PO invoicing, with full transparency and auditability. Manual invoice processing can cost $16 per invoice, whereas high automation that is driven by AutoML reduces processing costs by over 90%. The results are unrivaled, and the savings are exceptional. SoftCo delivers 90% straight through processing for PO invoices and 89% faster processing of Non-PO invoices compared to manual environments. Smart Coding and Smart Routing utilize Machine Learning to automatically determine the correct routing and coding of invoices. Surcharge processing is automated regardless of the way in which they are presented, reducing the time to process by 95%. SoftCo Exception Handling ensures the AP team are fast tracked directly to the exact issue which is processed.<\/p><\/details>\n<\/div><\/div>\n\n\n\n

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90% Touchless PO
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89% Faster
Non-PO Processing<\/h4>\n<\/div>\n\n\n\n
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Bank and ERP
Agnostic<\/h4>\n<\/div>\n<\/div>\n<\/div><\/div>\n\n\n\n
<\/span>\"Logitech\"
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\u201c80% of our invoices are achieving a 100% confidence level in the auto-match. This is really, really a big deal from an AP perspective.\u201c<\/span><\/span><\/span><\/span><\/p>\n<\/blockquote>\n\n\n

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